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Browse More Listings in Multifamily For Sale, Lakeland, FL or Florida

Multifamily Property For Sale

80% OWNER FINANCING (MAKE OFFER)

929 Gilmore Ave, Lakeland, FL 33801

Price:
Price Not Disclosed
No. Units:
375
Building Size:
273,340 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
8%
Occupancy:
64%
Find Out More...

Last Verified 10/21/2009 Listing ID 15443173

Description

NAI Tampa Bay is proud to present the Willow Glen Apartments. The property consists of 375 units located in Lakeland Florida one of Florida fastest growing counties located along the I-4 corridor. The property is considered a Class "C" investments with a strong base of blue collar tenants. the property is majorally block construction with pitched shingle roof's that were replaced in 2004. The property is strategically located close to Tampa and Orlando with excellent demographics for future rent growth. Our firm has been involved with this property for over 7 years and knows every deal inside and out.

Minimum acceptable offer is $13 Million The current owner will finance the property for a buyer with 25% down in cash. The seller will hold a 80% first mortgage for 3 years Interest Only. Please do not waste everyone time with offers to lease the property or any other crazy ventures. If you do not have 25% CASH downpayment the seller will not look at your offer!!!!!!

Lakeland was voted one of the top ten fastest growth counties in Florida for 2008

C/A Agreement required from all buyers please contact broker for details

Financial Summary

Actual
Net Operating Income
$1,225,000

Map of 929 Gilmore Ave, Lakeland, FL 33801 (Polk County)

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Presented by

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Contact Listing Broker

John Burpee (727) 585-2070

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Created 11/16/2007

Additional Information for 929 Gilmore Avenue, Lakeland, FL 33801

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 5 Historic Listings
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 80% OWNER FINANCING (MAKE OFFER)

929 Gilmore Ave, Lakeland, FL, 33801